SAN FRANCISCO, August 5, 2015 /PRNewswire/ --
The global air compressor market is expected to reach USD 37.18 billion by 2022, according to a new report by Grand View Research, Inc. Increasing industrialization and growing awareness on energy saving has led to advancements in compressor technology. Advent of energy efficient air compressors, facilitating the gas transfer process for various non-industrial and industrial activities is projected to drive growth over the forecast period. This advancement in technology would limit the noise generation and air contamination, thereby leading to higher adoption in construction activities in developing markets over the forecast period.
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Browse full research report with TOC on "Air Compressor Market Analysis By Product (Stationary, Portable), By Technology (Reciprocating, Rotary, Centrifugal), By Lubrication (Oil Filled, Oil Free), By Application (Semiconductors & Electronics, Food & Beverage, Healthcare, Home Appliances, Energy, Oil & Gas, Manufacturing) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/air-compressor-market
Growing replacement demand is anticipated to be a substantial driver for the rotary equipment industry, as aged equipment undergoes part replacements, retrofits, overhaul or complete substitution with improved technology.
Rising demand in non-oil and gas-based projects such as metal & mining, infrastructure, desalination, power and petrochemicals is expected to drive the overall air compressor market. Regulations and requirements related to carbon dioxide emissions from products and industrial processes are expected to increase gradually. Additionally, increasing home appliances demand in emerging regions is projected to drive the air compressor industry over the next seven years.
Further key findings from the study suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
For the purpose of this study, Grand View Research has segmented the Air Compressor Market on the basis of product, technology, lubrication method, application, and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Grand View Research, Inc
Phone: 1-415-349-0058
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Email:sales@grandviewresearch.com
Web: http://www.grandviewresearch.com
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